President Javier Milei intends to resumit his shelved reform package to Argentina’s Congress in December 2025, after midterm elections he expects will increase his party’s representation, according to an interview with the Financial Times.
The so-called “omnibus bill” – Milei’s legislative centerpiece in reforming Argentina’s crisis-prone economy – got sent back to the committee in the lower house Chamber of Deputies, after lawmakers began voting in down article-by-article. The La Libertad Avanza leader said that, for now, he will send the reforms to Congress one at a time instead of in a large package. He’ll also rely on decrees.
“There are other reforms which we can do by decree”, Milei told the FT, adding that he has unveiled 1.000 reforms but has another 3.000 to present.
Milei reiterated to the newspaper that the International Monetary Fund estimates his government can lift currency controls by the middle of this year. He also said Argentina could return to international capital markets in 2025 if his administration maintains a fiscal balance.
The president dismissed the possibility of a social uprising or chaos as a result of his economic shock therapy programme centered around an aggresive austerity campaing.
“The is zero chance of a social uprising, unless there is a politically motivated event or (one involving) foreign infiltrators”, Milei told the newspaper.
SOURCE: batimes.com.ar